Copper King Mining Corporation fka CPRKQ

[flaflyersfan]

JeffNC, that is a legitimate and excellent question;

Many answers to IBCS followers will finally be answered with the 10KSB due on March 31. All of the hypotheses, theories, guesses, and beliefs will be clarified for those who care to listen. Here's the link if anyone didn't know where to look;

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001156390&owner=include

Marketable Securities have always been there as well as ownership statements and Outstanding Share counts.

First, let's take a look at ownership as of December 31, 2003;

Name and Address of Amount and Nature of Percentage
Beneficial Owner Beneficial Ownership of Class
------------------- -------------------- ----------
Daryn P. Fleming 40,000,000 44.8%
Darrell W. Nether 2,500,000 2.8%
Sandra S. Nether 7,500,000 8.4%
Tyler Fleming (1) 5,000,000 5.6%
All officers and directors
as a group (three persons) 50,000,000 56.0%


O/S figures per Quarter;

April 8, 2004; 89,219,900
May 7, 2004; 89,219,900
August 12, 2004; 89,256,900 - 37,000 share increase.
September 12, 2004; 104,297,400 - 15,040,500 share increase.

Now, even though the S-8 was filed on September 13, 2004- IMO that 15,000,000 share increase was from the three officers receiving 5,000,000 shares apiece and not an additional 15 million shares. I haven't seen anyone post current O/S lately.

To answer your question about filing requirements; Officers of IBCS have filed several form 144s over the prior year but have not filed a Form 3, 4, or 5 declaring that they sold any shares;

http://www.nasdaq.com/asp/Holdings.asp?FormType=form144&symbol=IBCS&selected=IBCS

The 15 million S-8 shares are free-trading and do not require disclosure of sales.

It's simple. Add 5,000,000 shares to each officer that received them and that's how many they should have if they didn't sell any. I don't think it would be a bad thing if they did sell their S-8 shares to make a living.

Hope this helps. Looking forward to the Annual report. Good luck.